Private Decisions About Consumption of Common Resources and Production of Public

question 75

Multiple Choice

Private decisions about consumption of common resources and production of public goods usually lead to an

• A)efficient allocation of resources and external effects.
• B)efficient allocation of resources and no external effects.
• C)inefficient allocation of resources and external effects.
• D)inefficient allocation of resources and no external effects.

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Definitions:

Archie Carroll

A scholar known for his work on corporate social responsibility and business ethics, particularly for his pyramid model that outlines the responsibilities of businesses.

Withdraw Resources

The act of removing or reallocating financial, material, or human resources from certain projects, areas, or investments.

Political Influence

The impact exerted by individuals, groups, or organizations on political decisions and policies to promote certain outcomes or interests.